$58 in what time frame?
There is absolutely no chance at this time that the stock will get up to $58 this year or even next, unless there is a major breakthrough with the company and the fact is that the company's product does not offer the kind of upside outlook that would make the stock reach that level for a long long time.
In addition, since you have stated that you are a swing trader, pray tell what you base this unbelievably uninformed outlook of $58 on any kind of swing trading.
The stock has 3 brick walls that it has to get above (at $8, at $10, and at the previous major low at $11.35. To get above all of those levels would require a major fundamental change (which is not on the horizon) or working with the charts over a period of at least 3 - 6 month to overcome those brick walls, all along requiring help from the indexes heading higher, the Chinese market heading higher and better earnings (which are not due out for another 2 months).
As such, what would make a sane person make such an unreasonable comment. It is beyond being possible.
As such, I have to add you to the list of people that should be on heading to a mental institution.
Hey, with so many crazy people here, perhaps this message board is Yahoo's mental institution. It certainly would answer a lot of questions!
Hey FS, I don't know if you realize this but you have been saying "buy, buy, buy" for the past year and yet the stock is $13 below the high and only $2 above the low. Simply stated, you have done nothing but lose money for yourself and those that listened to you.
Do you realize just how stupid you look? How uninformed you are?
I know you believe in the long side of KNDI, but there is a point in time where someone with half a brain would just stay quiet and not continue to make a fool of himself. Or is it that you just like to hear yourself talk or convince yourself that you are right by simply repeating the same thing a million times?
So far, the chart evaluation I made 5 days ago has worked perfectly. The stock has now closed the gap and is down to the 7.10-7.30 level. Now, we'll start to see just how much buying/staying power the bulls possess
You ask a good question and I must say that Chasen has it pegged perfectly.
I have NEVER been on any message board (and I have been on many during the last 11 years) that has so many idiots as this one has. I am not saying the people here are idiots for buying or selling, they are simply idiots in general. The funny thing is that there seems to be as many idiots talking about KNDI on Stocktwits as there is here, meaning that it isn't the message board but the stock itself that draws this kind of mentality.
I have been on many message boards where people are as faithful to those stocks as the ones here but never have I seen so many people talk absolute rubbish with a high lack of common sense as I see here (and on Stock twits as well). It is so incredible, that I am drawn back to this message board as I pinch myself over and over again trying to see if this is for real or just a figment of my imagination.
It really is like a cartoon and as such, hard to walk away from, even without having a stake in the company.
It isn't everyone, but there are about 6 people here that really should go and see a psychiatrist. It is like watching Nicholson on One Flew Over the Cuckoo's Nest.
Here are some adages and quotes that apply to this message board.
Think about it!
“It is very unnerving to be proven wrong, particularly when you are really right and the person who is really wrong is proving you wrong and proving himself, wrongly, right.”
― Lemony Snicket, The Blank Book
“When no one understands, that's usually a good sign that you're wrong.”
― Victoria Schwab, Vicious
“There are two circumstances that lead to arrogance: one is when you're wrong and you can't face it; the other is when you're right and nobody else can face it.”
― Criss Jami, Diotima, Battery, Electric Personality
“What's wrong with people?" she says, almost too quiet for me to hear. "Were they born with parts missing or did it fall out somewhere along the way?”
― Isaac Marion, Warm Bodies
Be the person your dog thinks you are.
Please cancel my subscription to your issues.
I hate being wrong, but I am so good at it!
Whenever people agree with me, I always think I must be wrong.
Be careful when you follow the masses. Often the “M” is silent!
That way a typo. I shorted CLB at 114.23.
By the way, OPEC failed to agree and oil is down over $2 at 7:45pm Sunday.
I believe CLB will open lower, perhaps substantially lower.
I have traded CLB (oil stock) 18 times since December and on both sides. I have made a total of $85 per shares "after profits and commissions have been subracted". Given that the stock has traded within a $34 trading range, I have to believe my results have been exceptional.
Re-shorted CLB yesterday at 115.23.
Red close today will make yesterday's close at 8.12 into a successful retest of the 200-day MA, currently at 8.00. Downside objective would be to close the gap at 7.52. Intra-week support found between 7.10 and 7.30.
Weekly close resistance of some consequence found between 8.04 and 8.06, meaning the bulls need to break that level to generate more buying interest.
OPEC meeting on Sunday is likely pivotal for the indexes but probabilities favor the meeting not coming up with anything new or more than already agreed to, meaning that the indexes are likely to generate a correction now, probably of about 5%, meaning that with the indexes heading lower, it is likely KNDI will follow.
Key support level to watch in KNDI is 6.99 on the daily closing chart and 7.17 on the weekly chart. A break of those levels would likely bring strong short-term selling.
Probabilities favor KNDI trading between 7.30 and 8.00 for the next few weeks.
Let me answer both posts here.
Don't pat yourself on the back too much on your purchases of WLL and CMRX because everything has been going up because of the index rally. If they are still going up next week, then pat yourself on the back.
Regarding you second statement about the fundamentality of KNDI purchase, keep in mind that the fundamentals have not changed much over the past 4 months but the stock has been going down. The recent news was a small catalyst but only because everything else is going up. The traders hit some stops above 7.50 where the 200 60-minute MA was and got up to 8.00 where the 200-day MA is at. This was as much about stop losses being hit and technical aspects than it was about the the news.
If KNDI gets above 8.00 and stays above 8.00 for at least 2 days, then go ahead and smile. Until then, don't fool yourself about the fundamentals. I can almost guarantee you that is the indexes and oil were heading lower, the bulls would not have been successful in getting even to this point.
Always run your fundamentals through the charts, if for no other reason than to confirm the news as positive.
Maros, be careful stating your opinions. You need to keep in mind what makes trading sense and what doesn't. Simply stated, you need to look at the charts (not just the fundamentals) before you say something like this.
First of all, you NEVER add positions when a stock is at (actually below) and important resistance level. The 200-day MA is currently at 8.00 and until that level is broken and then confirmed broken with a second close above that level, the stock is not a "good" buy as you are at an area that will "automatically" generate selling interest and you alone cannot overcome that selling interest.
It makes more sense to wait for 8,00 to get broken, get confirmed broken and "then" to purchase on the next dip, which would probably be back down to 8.00 to retest the breakout. Buying today anywhere between 7.62 and 8.10 makes no sense........chart-wise.
I would rather give up a few points of profit and increase the probabilities of success than being one of the people buying at resistance.
At least try to use some chart points in conjunction with your fundamental analysis.
By the way, the indexes are also at a major pivot point, meaning that tomorrow and Friday could see the indexes continuing higher or turning down and KNDI is likely to move somewhat in conjunction with the indexes. As such, not only is the stock at an important resistance but so is the market. Trade intelligently and defensively so you don't get caught with your pants down.
KNDI fever is a malady, just like Malaria is. I have never seen so many people go bananas (like at Stock twits) with a "small" 3% move. To me, the fact the stock got good fundamental news today and that the indexes are up strong, would suggest that the bulls should have accomplished more. Nonetheless, the bulls have not even been able to get above the 200 "60-minute" MA, which is a "minor" resistance as it in in the intra-day chart. Forget about the fact that the bulls need to generate a close above 8.00 on the daily chart to accomplish anything of any consequence but KNDI bulls are going bananas over a 24 points move.
I guess this is like Malaria. If you catch the fever you can never get rid of the illness.
Well, good luck to you since I don't have any position in either direction, but this is ridiculous. Its like a group of babies at a mall day care all going crazy at the same time because they are surrounded by horse #$%$ and they all feel there must be a pony somewhere close.
That would be like seeing Trump marry the slutty waitress at the corner Diner. Rich and poor don't mix well. It isn't even worth 1-minute of thought. Won't happen.
I can see you have the long term buy and hold (Buffett-type) mentality that is prevalent in so many investors that don't know anything other than finding a stock story and going with it in the hopes of getting another AAPL. Nonetheless, some common sense should be used as all extremes are bad.
Your statement about "I still pick up shares on dips" is about as senseless as it gets since the stock has still not proven that it is heading higher. Forget what YOU think is going to happen and simply look at the price action and you will realize that you are presently in the "minority" of people mean something and that think that KNDI is heading higher. One common sense thing you should realize is that your NEED others to buy alongside with you (especially the strong hedge and institutional buyers) and if that doesn't happen, you will NOT make money.
As such, if you are a buy and hold "Buffett-type" investor, you buy some (with money you have no use for) and then WAIT until something actually happens and then you buy more.
You don't "continue" to buy on dips because at the rate the stock moves and the amount of dips it has, you will run out of money before the stock does anything.
Money is a funny thing.............you need it to WORK for you, not sit still for years and years. If you don't make it work for you every single day, by the time your stock does something you have already left more profits on the table than what you would pick up with the stock if right (BIG IF).
It is not an investment strategy that makes ANY sense!!!!!
This is one of the reasons why most people that invest in the stock market lose money!
"they have after all allowed us to acumulate a lot of shares on the cheap."
That is the optimistic point of view and the problem is that the actual facts do not support your idea that you are accumulating shares "on the cheap".
The reality/truth is that unless you bought KNDI before 2013 and then GOT OUT when it rallied to $20, your money has been spinning its wheels and doing NOTHING for the past 27 months.
Anytime you have money invested in anything for 27 months and it has not grown not even at the rate of inflation (about 1.5%), it is considered a BAD investment.
As such, your post is completely ridiculous and bereft of any actual positive facts.
"Buying more today. So undervalued"
First of all, you seen to be stepping from the frying pan into the fire. You bought yesterday near the lows of the day and are buying more today, in spite of the stock breaking the 8-day support area between 6.95 and 7.14. Not a good strategy to buy low, buy lower after break of support, and continue to buy as the stock goes lower.
Let me remind you that everyone involved in trading the stock has a brain and values money and evidently those same people are not valuing the company the same way you are. Are you saying that you are smarter than them?
I wish that I had money to waste like you do. Evidently you have yet to feel the pain of a big loss but the way you trade, I am sorry to say that such an experience is likely to happen to you at some point. What will you do then? Buy more?
"just grabbed a few more thank you"
Who are you thanking? the bears?
If you don't mind me asking, at what price did you buy and why? More importantly, do you have a stop loss or a level in mind that if broken you would liquidate?
Let me just say that it is not ever a good idea to buy near the end of the day when the stock is due to close near the lows of the day. The probabilities "strongly" favor the stock going below the day's low the next day when that happens. Today's low was 7.02 and the stock closed at 7.03, meaning that if you bought in the last 30 minutes of trading you did yourself a disservice since the stock is likely to trade lower than 7.02 tomorrow.
Let me also go on to say that if you are looking at the charts, you should have seen that the stock traded for 8 straight days in a row between February 29th and March 9th with lows at 6.96, 6.95, 7.05, 6.98, 7.02, 7.14, 7.05 and 7.00, meaning that if that support level is broken tomorrow, the next support is 6.71 and if that level is broken, the gap down at 6.40-6.57 will be targeted for closure, meaning that you should have waited until tomorrow to consider buying the stock. Evidently, if the stock just goes 9 points lower than the close today, it will likely hit stop loss orders and a drop down to 6.71 and if that level of support is broken, it is down to at least 6.40.
As such, your giving thanks to the bears for the opportunity to buy here seems to be misplaced.
Anyhow, I have no skin in the game and wish you luck, but I did want to point out a few things that will help you to make the right decisions next time as when to put your money at risk.
"I am in for the long haul"
I have heard that statement before like a million times and more often than not the people that are saying it are "under water" with their investment. It seems it is what eases their pain. It feels something like my wife always says "I know I will win the lottery at some point!, I just know it". So far she has not won it and we have been married 15 years.
I just don't get it. To me the market is a place to make your money grow and grow consistently and repeatedly. It is not a lottery where you buy your ticket (in this case KNDI) and you wait, and wait, and wait, and wait for the number to be called.
I know that if you just look you will always find some stock that is "actually doing something" but you are so enamored with the idea of what KNDI does that you can't take your eyes off of it to look at other ideas.
This stock is back to the same price it was at on July of last year and that is now almost 9 months. In the last 6 weeks I have traded CLB 16 times and made $70 per share and it has traded in a $35 trading range, meaning that I have not hit any home runs or needed to have an earnings report come out better than expected for me to make profits. Doesn't it make you feel sick to sit with a turd for so long and make no money and then look at someone else double their money in a stock in just 6 weeks?
Anyhow, let me congratulate all of you on your persistence. No one can ever say you don't have it.
Trading energy stocks?
I have traded CLB 11 times since January (3 months) and show 10 profitable trades and 1 losing trade.
The stock has traded between 84.50 and 118.87 during this period of time, which is a $34.37 trading range. I have made $69.45 per share after commissions and losses subtracted!
I am also all about closes but gaps are most always meaningful, especially those that create breakaway/runaway gap formations, especially with news.
KNDI is now showing a breakaway/runaway gap formation to the upside with the breakaway gap being seen on February 16th between 6.40 and 6.57 and now the runaway gap seen yesterday between 7.75 and 8.00. This is particularly indicative given that the runaway gap was created off of news.
Breakaway/runaway gap formations usually mean immediate movement of consequence and do require that upside objectives be accomplished within a very short period of time
The stock is showing a breakaway/runaway gap formation to the downside with the breakaway gap between 10.52 and 10.46 seen on the 6th of January and the runaway gap between 10.22 and 9.58 seen the very next day. Those gaps were also formed with news, given that it is when the entire market place fell at the beginning of the year.
The bulls need to get rid of the breakaway/runaway gap formation that is above because if they don't then the long-term downtrend that has been in effect since July 2014 and the recent short-to-mid-term downtrend that started in December from 12.00 will take over.
This is what the big technical and chart traders look for. The bulls in the stock need to accomplish making a "statement" so they can be believed and be followed with additional buying. If it doesn't happen, disappointment takes over and the big technical traders get back on the sell side.
This is what always happens in the market. Learn it and you will do better with your trading.
Just in case you are not aware of this but every person has positive things and negative things about them if you simply look. The key to "survival" is to keep the person with the least and less destructive things about them.
I see countries like Venezuela that elected Chavez and look at where they are now. The public(mostly the uninformed and poor) did not like the previous government and they elected a person they thought would change things for the better and what they got was a big disaster which has cost them everything. Chavez was much like Trump, inasmuch as he talked a great game but did not know how to run a country effectively.
I look at life more from a defensive basis than an aggressive basis, meaning I prefer not to "rock the boat" unless things are so bad that the boat needs to be rocked and that is NOT the case here is the U.S.
Clinton, Sanders, and even Kasich are not good candidates but at least they will keep things on an even keel. Trump and even Cruz would be an unmitigated disaster. My opinion.